[Video] 7 Money Rules You’ll Wish You Knew Sooner (Most People Ignore #2)

clear path
Nov 6
2 min read

Ever wonder why some people seem to build wealth effortlessly while others never get ahead? It’s not luck — it’s habits. In this article (and the video below 👇), we break down seven timeless money rules that can completely change your financial future.

🎥 Watch the full video here:

7 Money Rules You’ll Wish You Knew Sooner

1. The 50/30/20 Budget Rule

Split your income wisely:

50 % for needs — housing, food, transportation
30 % for wants — travel, entertainment
20 % for savings & investments

This simple framework keeps your lifestyle balanced while still building long-term security. 🧭 Clarity equals control.

2. The 1 % Rule for Impulse Buys

If something costs more than 1 % of your yearly income, wait three days before buying. That pause kills 90 % of impulse purchases. Most people skip this — and it’s why they stay broke.

💡 If you earn $60 K, anything over $600 deserves a 72-hour cooling-off period.

3. The Rule of 72

Take 72 ÷ your return rate to see how long it takes your money to double.At 8 % interest, it doubles every nine years.

Now add automation (Rule 6) — small monthly contributions ignite compounding growth.💥 You’re not just watching one lump grow; you’re fueling it every month.

4. The 401(k) Match Rule

If your employer matches retirement contributions, always max it out.It’s literally free money — and skipping it is like leaving stacks of cash on the table.

5. The 3–6 Month Emergency Fund

Your safety net for life’s surprises.When layoffs or emergencies hit, this fund buys time and peace of mind. Aim to save three to six months of expenses — it’s your financial parachute.

6. The Rule of Automation

Set automatic transfers the day your paycheck arrives. If you never see the money, you’ll never spend it.

Example: invest $500 / month into an S&P 500 ETF (≈ 10 % historical average). After 20 years you’d have about $380 000 — proof that discipline beats luck.

⚙️ Combine this with Rule 3 for unstoppable growth.

7. Item In, Item Out

Every new purchase replaces an old one — sell, donate, or recycle something each time. This minimalist rule keeps both your space and your spending in balance.

🚀 Ready to Take Action?

Start with one rule today.Automate $50. Wait three days before your next big buy. Small moves compound into wealth — faster than you think.

💼 About Clear Path Gen

We teach real-world money skills for the next generation — from smart budgeting to investing and real estate. Start early. Think sharp. Learn right. That’s your Clear Path.